In a contract for suretyship, the borrower or debtor is referred to as the:

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In a contract for suretyship, the borrower or debtor is referred to as the "principal". The surety is the one who guarantees the repayment of the debt in case the principal defaults. The borrowee may refer to the lender who is giving the loan to the principal, but this term is not commonly used in the context of suretyship. De facto debtor is not a commonly used term in this context either, and guarantor is the one who provides security for the surety's obligation to repay the debt.

In a Contract for Suretyship, the Borrower or Debtor Is